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Mary
Mary is a single mother of five children and none of whom goes to school. She has a business of selling charcoal, and has been in this business for 10 years.

She has applied for a loan of 3,000,000 Ugandan Shilling (UGX) from MCDT-SACCO to buy more bags of charcoal. She works from home seven days out of every week. She generates additional income from renting rooms. Her major business challenges include seasonality and defaulters.

She is aspiring of becoming a wholesaler and build more rental rooms. She decided to join MCDT-SACCO because of timely loans. She resides in the family house and the family has access to electricity and piped water. Her monthly expenses includes paying utility bills and food for the family.

Additional Information

About MCDT SACCO

This loan is administered by MCDT SACCO, a savings and credit institution operating in Kampala, Uganda. The mission of MCDT SACCO is to provide sustainable financial services to the lower strata of Uganda's poor, especially women, for their economic and social development. MCDT's cooperative structure also affords its clients the opportunity to own shares of the organization and benefit from its financial performance. For more on MCDT SACCO, please see our partner page at http://www.kiva.org/partners/112, and join our lending team, Friends of MCDT SACCO, at http://www.kiva.org/team/friends_of_mcdt_sacco.

Tags

About Uganda

  • $1,500
    Average annual income
  • 360
    View loans »
    Uganda Loans Fundraising
  • $29,766,150
    Funds lent in using Kiva
  • 2,531.6
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Mary to buy more bags of charcoal.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 21, 2014
Listed
May 27, 2014
Currency Exchange Loss:
Possible
Ended:
Nov 17, 2014